City AM reports The Isle of Man (IOM) government has opened license applications for the production, distribution, and export of medicinal cannabis products from the island. It marks a major step in the IOM’s bid to be a world-leading exporter of medicinal cannabis, which will provide economic investment and development for the island. The cannabis sector is expected to create 250 new jobs and £3m in annual benefit in the coming years, as increasing awareness about its advantages lifts the market. The government anticipates the sector to also support the IOM’s construction sectors, as well as develop businesses.

Sean Hocking, Cannabis Law Report, 06/12/2021 01:07:00

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